GasBuddy News Article

GasBuddy Blog
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Over the next five years, GM says it will exponentially increase sales of all electric vehicles and/or hybrids, putting 500,00 such vehicles on the road.

According to the Detroit Free Press, that statement provides a benchmark with which to measure GM’s alternative powertrain progress over the next half decade. The company says the Chevrolet Volt would play a key role in hitting the electrification targets. The Volt’s lithium-ion battery pack allows it to travel 38 miles on a single charge of electricity before a gasoline engine kicks in.

However, GM sold 19,309 Volts in the first 10 months of the year, putting the company on track to come close to 25,000 units in 2012. And it will have to multiply that rate to reach its...

To reach an electric transportation environment the auto makers need a reasonably small power source that will travel at least 400 miles before recharge and a method of recharging that takes no more than 10 minutes to fully recharge. Until that is achieved they are destined to fail.

We will either be in an endless world-wide recession with high unemployment growth, unchanging gas prices and flat EV/PIH growth, or we will see increasingly high gas prices with >0% EV/PIH growth. I don't see how oil/gas prices can fall in a healthy economy unless a natural or man-made catastrophe kills off a significant portion of the population.

GM is betting on Obozo killing Keystone oil pipeline, closing the Gulf again, keeping E&W Coast off limits to drilling so as to get US gas prices up to the European level around $8 a gallon.So smile, you voted for it, along with GM.